期刊文章

The global population is rapidly entering a so-caled “super-aged society,” inwhich individuals aged 65 and older account for over 20% of the total population.This phenomenon is driven by low fertility rates and increased life expectancy. Inparticu...

This note examines the transmission of credit risk of banks to the sovereign using the collapse of the Silicon Valley Bank in March 2023—an event that reverberated globally across banking sectors—as an exogenous shock to identify the effect. The f...

Money forms the backbone of the economy and financial system. To play this role, it needs to pass three key tests. First, it needs to be accepted by agents in the economy at par with “no questions asked”. This is often referred to as the “singlene...

This paper studies the distributional effects of monetary policy and its dependence on inflation. We document a novel dependency in the earnings heterogeneity channel of monetary policy using high-frequency, administrative tax data from eurozone m...

Abstract—The advent of autonomous vehicles has heralded a transformative era in transportation, reshaping the landscape of mobility through cutting-edge technologies. Central to this evolu tion is the integration of Artificial Intelligence (AI) an...

Former CIGI Senior Fellow Barry Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is a research associate...

WAEMU members’ trade openness, integration into global value chains (GVCs), and export diversification remain limited. Tariffs, non-tariff measures (NTMs, obstacles to trade that arise mainly from differences in national regulations), and a challe...

This paper introduces a classification framework to analyze central bank communications across four dimensions: topic, communication stance, sentiment, and audience. Using a fine-tuned large language model trained on central bank documents, we cla...

Food insecurity in WAEMU has worsened over the last few years—mainly due to conflicts, climate, and affordability issues—with the Sahel zone being in a particularly difficult situation. The security environment is complex, while the region is also...

Domestic Revenue Mobilization (DRM) is essential for financing economic and social development and ensuring debt sustainability in WAEMU, particularly in light of rising interest, high security spending, and the prospective reduction in foreign ai...

Recent improvements in survey methodologies have increased measured consumption in many low- and lower-middle-income countries that now collect a more comprehensive measure of household consumption. Faced with such methodological changes, countrie...

This paper investigates the impact of an export promotion policy consisting of ad-valorem subsidies for a set of targeted products, on the performance of Pakistani exports in the textile sector. The findings show that the policy had a small overal...

As with most agricultural inputs, the optimal use of fertilizer leverages the production complementarities between different types of nutrients. Wide variation in the intensity of nutrient application rates suggests there are potentially large pro...

Estimating the macroeconomic implications of climate change impacts and adaptation options is a topic of intense research. This paper presents a framework in the World Bank’s macrostructural model to assess climate-related damages. This approach h...

This paper extends the classic Tinbergen rule within the context of financial regulation, explicitly accounting for the inverted U-shaped relationship between market competition and financial stability. Conventional policy frameworks, premised on ...

Rapid progress in new technologies such as AI has led to widespread anxiety about adverse labor market impacts. This paper asks how to guide innovative efforts so as to increase labor demand and create betterpaying jobs while also evaluating the l...

Integration into global markets serves as a powerful catalyst for economic growth in developing economies, offering the potential to create high paying jobs and foster development. This paper uses the structural gravity model to quantify potential...

Using around 1 million repeat sales, we show idiosyncratic risk in real house price appreciation is time-varying, depends negatively on the initial house price, varies across locations, and decreases with the holding period. These systematic movem...

微型仿生机器人作为尺寸在厘米级及以下的微型机电系统，具有体积小、质量轻、便于携带等特点，被广泛应用于环 境探测、目标搜索、侦查打击等复杂环境中。为使广大研究人员了解微型仿生机器人的研究进展，基于全球最大的文摘和引 文数据库 Scopus 对近 15 年的相关文献进行总结和分析，直观描绘了微型仿生机器人领域的发展趋势。从微型仿生机器人的 仿生运动形式、制造技术、驱动技术三个关键点入手，辅以生物机电混合微型机器人特殊研究方向的介绍，总结了微型仿生 机器人的总体特征和研究现状。分析目前微型仿生机...

This paper examines the redistributive impact of fiscal policy—specifically taxes and transfers—on poverty and inequality in eight countries in the Middle East and North Africa: the Arab Republic of Egypt, Djibouti, the Islamic Republic of Iran, I...